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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on October 14

    Brief review of Shanghai aluminum on October 14

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's external nonferrous metal rose across the board, Shanghai zinc rose to the limit, Shanghai aluminum fell narrowly, as of the close of 3 p.
    m.
    , the main 2111 contract closed down at 23615, down 95, or 0.
    4%.

    Shanghai aluminum

    At present, the market is more concerned about overseas fundamentals, overseas end affected by the global energy crisis, soaring electricity prices, etc.
    , more and more aluminum companies are forced to reduce production, the cost curve rises, supply contraction expectations continue to accumulate, relay domestic began to follow the logic of the supply side
    .
    At the same time, the continuous decline in LME inventories and the rising premium of mainstream trading places indicate that overseas supply and demand are tight
    .

    On the whole, although the domestic fundamentals are "weak supply and demand", but the overseas supply side is expected to shrink strongly, the short-term domestic and foreign aluminum prices are expected to be dominated by strong shocks, but at the same time, we should also pay attention to the inhibition of high aluminum prices on downstream orders and starts, and the safety above aluminum prices is insufficient, it is recommended to pay attention to a series of potential risk factors
    such as the accumulation of domestic social libraries and the continuity of power cuts.

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